– Investment property mortgage rates are higher than rates for owner occupied property. However, lower mortgage rates are possible with higher.
Interest Rate. Your mortgage interest rate is the interest you’ll pay on the outstanding balance of your mortgage. This interest rate is provided by your mortgage lender and varies based on the provider. If you’d like to see what your interest rate might be, get in touch with an On Q Financial Mortgage.
In today’s low-interest-rate environment, owners of investment properties have probably thought about refinancing. But refinancing an investment property is a little different than refinancing a primary residence, so it’s important that investment property owners understand what they’re up against.
U.S. Bank offers investment property loans for those interested in buying second homes and investment properties, including one- to four-unit residential properties and vacation properties. As an option, you may be able to use your current home equity to finance buying additional property. To learn more, please contact a mortgage loan originator.